M&A Deal Summary

Atsg Acquires Pemco World Air Services

On January 3, 2017, Atsg acquired aerospace company Pemco World Air Services from Sun Capital Partners

Acquisition Highlights
  • This is Atsg’s 1st transaction in the Aerospace sector.
  • This is Atsg’s 1st transaction in the United States.
  • This is Atsg’s 1st transaction in Alabama.

M&A Deal Summary
Date 2017-01-03
Target Pemco World Air Services
Sector Aerospace
Buyer(s) Atsg
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity Corp. (Financial)
Morgan Lewis (Legal)

Target

Pemco World Air Services

Dothan, Alabama, United States
Pemco World Air Services, Inc is a provider of commercial aircraft maintenance and modification services on a contract basis to the owners and operators of commercial aircraft. Its services include heavy maintenance checks, passenger-to-cargo conversions, aircraft stripping and painting, rewiring, parts fabrication and engineering support.

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Buyer(S) 1

Buyer

Atsg

Wilmington, Ohio, United States
Category Company
Founded 1980
Sector Transportation
Employees5,095
Revenue 2.1B USD (2023)
DESCRIPTION

Atsg is a provider of aircraft leasing and cargo and passenger air transportation solutions for both domestic and international air carriers, as well as companies seeking outsourced airlift services. Atsg was founded in 1980 and is based in Wilmington, Ohio.

DEAL STATS #
Overall 2 of 3
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Alabama) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 West Atlantic AB

Gothenburg, Sweden

West Atlantic AB is own and operates through its two airlines, Atlantic Airlines Ltd. and West Air Sweden AB, operates a portfolio of 40 aircraft, and is Europe’s largest regional cargo aircraft operator. As an experienced provider of unique, integrated ground-to-air logistics for the mail industry in the five to 20 tonne segment, it offers highly customized services to the global market utilizing its fleet of BAe ATPs, CRJ-200-PFs, and B737 aircraft.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 VDX

Cranford, New Jersey, United States

VDX, Inc. is a provider of project-based consulting and managed services with vast experience in delivering flexible solutions. VDX was founded in 2013 and is based in Cranford, United States.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 85 of 127
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 33 of 53
State (Alabama) 4 of 4
Country (United States) 63 of 88
Year (2017) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 StonePoint Materials

Philadelphia, Pennsylvania, United States

StonePoint Materials is a producer of crushed stone, sand and gravel serving diverse end markets including infrastructure, commercial and residential construction, and energy. Operating across eight states, StonePoint has approximately 8.0 million tons of annual aggregates production and offers complementary asphalt production and paving services in Tennessee and Kentucky. StonePoint operates several subsidiaries including Laurel Aggregates, Winn Materials, Southern Aggregates, and McIntosh Construction.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 BWGS Full Spectrum Distribution

Bloomington, Indiana, United States

BWGS is a wholesaler of indoor, hydroponic and organic horticultural supplies in the United States. The Company provides a single-source solution to over 1,100 active retail customers with both prominent national brands and its own private label offering of more than 4,400 SKUs. The Company has a history of strong organic growth, with a double-digit CAGR over the past three years.

Buy -
Mergr

Product

Company

Legal